Argo Blockchain Share Discussion Threads

[suffersnofools] 12/12/2020 11:24

18800 - 19000 looking like the tricky area. Should move quickly if it breaks above.

[suffersnofools] 12/12/2020 11:17

IF DXY can hold 8840 it could bounce short term ,but the FED know that their trillions in stimulus are devaluing it - all part of the plan.

[suffersnofools] 12/12/2020 11:14

Brasso - profit taking - yes, precisely my point. There are PLENTY of BTC available at the right price. Whales have finally got a way of selling large quantities without damaging the price too severely. My theory that this level for redistribution sits between 16200 and 23000 - once complete - the whales will then look to short through the CME and take it down to 13-15k to buy back from weak hands.

The current number of daily mined coins is an irrelevance in the short to medium term.

[brasso3] 12/12/2020 11:12

The contrarian in me thinks the USD is not dead yet. Everyone seems to be bearish on the $ so maybe a sharp rise should be expected in the short term.

[suffersnofools] 12/12/2020 11:09

mnomis - the way the DXY is going you might soon get $2 again!

[brasso3] 12/12/2020 10:57

I do not envy people who have savings in £.

[mnomis] 12/12/2020 10:51

@ Brasso - can we add the UK to that list? Used to get $2 for my hard earned £'s!

[brasso3] 12/12/2020 09:35

SNF

Its up 400% from the March low. I do not think this pull back is anything other than a bit of profit taking.

[suffersnofools] 12/12/2020 09:32

If only it were that simple Brasso :)There are millions of BTC in whale wallets that will continue to control the price. They still have the power to drop huge icebergs on the exchanges and crush the price as required to their own ends.If it were all about current supply and demand why has the price dropped in the face of all the recent insti buying? Whales selling is why.

[brasso3] 12/12/2020 09:27

Imagine being a person in Venezuela, Argentina, Iran or Turkey where governments are destroying your currency and having no way out. Bitcoin provide an escape route to these people.

[suffersnofools] 12/12/2020 09:11

Well without coming over all new age and trying to make out I'm not in this to make money I DO really like the anti-establishment nature of Bitcoin. It genuinely has been a life changer for people in parts of the world where their corrupt national governments mismanagement causes massive inflation, destroying wealth. It's been comical to watch government and banks try everything to derail crypto and now finally give up and buy in

[brasso3] 11/12/2020 23:13

If enough people embrace bitcoin it will be hard for governments to have any influence over it. I think bitcoin provides hope that the people can break the global banking cartel and I hope it succeeds.

[horneblower] 11/12/2020 23:06

I agreed with everything...however, don't be fooled into thinking bitcoin or blockchain, or ambrosia creamed rice is going to be the savior of humanity...because only humanity has the power to save humanity, not some algorithm designed by a human.

Humans used to like gold because it was "incorruptable". But they were deceived, because if, for the sake of world growth, it becomes necessary to come off the gold standard, Gold suddenly becomes hugely corrupted by something called debt.

Bitcoin has the godly attribute of being "incorruptable". Don't make me laugh, or as they say these days...lol.

What will they call the monetary unit equal to .000000001 of a Satoshi?

[brasso3] 11/12/2020 22:45

What did you not agree with?

[horneblower] 11/12/2020 22:36

Brasso. I know he has. I've watched the video interviews and I'm a huge bitcoin fan...but I stand by my post!

[brasso3] 11/12/2020 22:31

He (Michael Saylor) has put his money and reputation where his mouth is and has changed the game on bitcoin.

He is the longest serving CEO on the NASDAQ which says alot IMO.

[horneblower] 11/12/2020 22:25

Well, call me naive, but that's codswallop.

Human's ability to deceive themselves knows no bounds, and bitcoin aint gonna prove me wrong.

However, for a couple of years I'm prepared to give it a try.

John B. Horneblower

[brasso3] 11/12/2020 20:38

Bitcoin
"Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don’t have the option or desire to run their own hedge fund."
~ Michael J. Saylor

[sideshowbull] 11/12/2020 18:58

Sorry - bit of a lazy chart as I am a Bull.

If anyone interested :


BWTFDIK

[brasso3] 11/12/2020 18:31

If Microstrategy spend all of the $650m on bitcoin at an average price of $20k then from newly mined BTC (900 coins per day), it will take them 36 days!

With Grayscale and Paypal also buying this is going to get very interesting in the coming weeks.

[brasso3] 11/12/2020 18:17

How much longer can other cash rich companies wait before they copy the Microstrategy strategy!

[gspanner] 11/12/2020 18:11

Another big Insti!

Lovely.

[suffersnofools] 11/12/2020 17:39

Don't start me up horneblower! Hoping BTC gonna Gimme Shelter but you Can't always get what you want.

[brasso3] 11/12/2020 17:35

Why 2021 Is Set To Be Even Bigger For Bitcoin